If a subsidiary sells inventory to the parent entity and some of the inventory is still on
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If a subsidiary sells inventory to the parent entity and some of the inventory is still on hand at year end, what adjustments are necessary at year end? Further, will adjustments be required to restate the balance of opening inventory as at the beginning of the next financial period?
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When preparing consolidated financial statements we must prepare them in conformity with acco...View the full answer
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Somshukla Chakraborty
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